Sales of filters to purify indoor air are forecasted to grow by 4 percent to just over $7 billion in 2014. That is the latest forecast in Air Filtration and Purification World Markets published by the McIlvaine Company. (www.mcilvainecompany.com) The $6.7 billion 2013 market includes the medium efficiency (M5-6, F7-9) filters. These filters will account for half the market. The low efficiency G1-4 segment is losing market share to the medium efficiency segment.

($ Millions)

Subject

2013

2014

Electronic

621

649

G1-4

1,064

1,100

Gas Phase

775

8054

H10-17

952

992

M5-6, F7-9

3,376

3,520

Total

6,788

7,065

The high efficiency (H10-17) market is being boosted by the increasing use of these filters for gas turbine intakes. Hence not only is the intake market growing rapidly, but the percentage of the market utilizing high efficiency filters is also growing.

Revenue Increases for Selected Companies

Company

2010 % Increase

2011 % Increase

2012 % Increase

2013 % Increase

2014 % Increase

3M

15.31%

11.06%

3.52%

5.27%

4.48%

AFT

100.00%

21.43%

Ahlstrom Corporation

9.75%

-17.09%

-21.58%

2.82%

4.23%

BASF SE

16.84%

15.07%

4.02%

3.97%

Calgon Carbon

16.99%

12.24%

9.43%

9.46%

20.06%

Celanese

16.45%

14.28%

3.03%

6.42%

6.24%

Cummins

36.46%

5.27%

8.25%

9.81%

Donaldson

0.43%

22.22%

9.55%

7.88%

8.78%

DuPont

20.67%

20.49%

7.99%

6.12%

7.00%

Fiberweb

-0.97%

-35.61%

3.90%

3.55%

1.01%

Honeywell

7.97%

9.47%

5.47%

6.13%

5.79%

MeadWestvaco

-5.89%

6.45%

-7.46%

3.21%

2.61%

Toray Industries

28.09%

8.69%

3.82%

4.18%

A number of publicly as well as privately held companies are participating in this market. Analysts expect higher performance from some of these companies that is reflected in the growth of the general market. Donaldson analysts anticipate 2013 and 2014 growth between 6%/yr and 7%/yr. Ahlstrom, on the other hand, expects lower growth but a big turnaround from the previous two years.